30APR2018 - NEWS - Oil prices fell slightly on Monday due to rise in US rig counts

On Monday oil prices shown a bit falling trend due to rise in US rig counts. The rise in US rig counts shows higher production in US. Brent crude futures were down by around 49 cents from their previous settlement values. The oil prices are still at the level which is the highest level since last almost three years. Brent crude is one of the classifcation of the crude oil that serves as the benchmark for oil pricing globally.